Firm Represents Acquirors in $475 Million Acquisition of Duke Energy Corp's Eight Power Plants in Southeast U.S.

Duke Energy Corp. announces agreement with KGen Partners LLC to purchase all of Duke Energy’s merchant generation assets (eight power plants) in the southeast United States for $475 million.

On May 4, Duke Energy Corp. announced an agreement with KGen Partners LLC, owned by MatlinPatterson Global Opportunities Partners II (a private-equity fund), to purchase all of Duke Energy’s merchant generation assets (eight power plants) in the southeast United States for $475 million. The proceeds will be used to reduce debt. The May 5 Daily Deal reports that Willkie attorneys representing the acquirors with regard to regulatory/energy issues include partners Steven Seidman and Rosalind Fahey Kruse, and associates Debra Cotter, John Thomas Duane, Natasha Friedrichs and Andrea Williams.